The Leathersellers,
Barnet Charity
Annual Report and Accounts
For the year ended 31 December 2022
Charity Reglstration Number
247986

Contents
Reports
Legal and administrative information
Report of the Trustee5
Independent examlnerfs report
Accounts
Statement of Financial Activities
Balance Sheet
Notes to the accounts
9-19
The Leathersellers, Barnet Charitv

Legal and administrative informatlon
Trustees:
Mr M T Berman
Chairman
(Nominative Trustee until 15 December 20241
Mr M J Bradly Russell
INominative Trustee until 9 December 20231
MrG G Bacon
Ex-officio Trustee (until 20 July 20221
Ms CJ Lennon
Ex-officio Trustee lappointed 21 July 20211
Mr M G Williams
Ex-officio Trustee lappointed 20 July 20221
MrRWPeart
(Nominative Trustee until 15 December 20241
Mr5 E J Womersley
(Nominative Trustee until 6 April 20231
Mr C J V Williams
(Nominative Trustee appointed 13 December
20221
Address:
7 St. Helen's Place
London
EC3A 6AB
Management
Companv".
Harrison Housing
46 St James's Gardens
London
WII 4RQ
Independent
Examiner:
MHA Maclntyre Hudson
2 London W811
Barbican
London
EC2Y SAU
Prlnclpal Banker:
HSBC Bank plc
1-3 Bishopgate
London
EC2N 3AQ
Solicitor:
Farrer & Co LLP
66 Lincoln's Inn Fields
London
WC2A 3LH
The Leatherseller5' Barnet Charity I

Report of the Trustees
For the year ended 31 December 2022
The Trvstees present their annual report and accounts of The Leatherseller5' Barnet Charity for the year
ended 31 December 2022. The accounts have been prepared in accordance with the accounting policies set
out on pages 9 to 11 of the attached accounts and comply with the Charity's trust deed, the Charities Act
2011 and the Statement of Recommended Practice: Accounting and Reporting applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland IFRS 1021.
Structurei governance and management
The Leathersellers, Barnet Charity 15 a registered Chartty, number 247986. governed by a Scheme approved
by the Charity Commission dated 25 June 2007.
The Trustees are appointed by the Court of As51Stant5, the controlling body of The Leathersellers, Company.
The Master and Second Warden of the Leathersellers, Company are Ex Officio Trustees and are elected to
serve for one year commencin8 on or about the 19 July each year. The other Trustees are appointed for an
initial period of four year5 which can be extended as the Leathersellers, Company determines.
The Trust Deed was amended on 26 April 2023 to allow for the number of Nominative Trustee5 to
vary. Prior to that date the Trust Deed allowed for 4 nominative trustees though the Charity had 5
nominatThre Trustees as a result of an unintentional mistake for the short period from 13 December 2022 to
6, April 2023. This has now been corrected by the amendment of the Deed on 26 April 2023 referred to
above.
The current Trustees of the Charity are shown on page l.
Each trustee takes responsibility for monitoring the Charity's activities and consideration 15 given to the skills
mix of the Trustees to ensure that the Board of Trustees has all the necessary expertise required to
contribute fully to the Charity's operations and development. Periodic briefings and courses are aLso
provided for Trustee5.
No trustee received any remuneration from the Charity during the year norwere any out of pocket travelling
expenses reimbursed to the Trustees. No trustee had any beneficial interest in any contract with the Charity
in the year.
Harrison Houslng who themsefves are an almshouse charity manage the Barnet properties on a day-to-day
basis.
Rlsk Management
The Trustees have reviewed the Risk Registerwhich seeks to identify the significant risks to which the Charity
is exposed. Areas considered include the daily operations of the Charty, its investments and its finances.
The Trustees seek to mf(igate identified risks by ensuring controls exist over the financial systems and safe
custody of the Charity's assets and investments. The Trustees believe that by monitoring the reserves of the
Charity over the long term. the stability of the reserves provides assurance that they have established
effective means to mitigate material risks.
The Leathersellers, Barnet Charity 2

Report of the Trustees
For the year ended 31 December 2022
Purpose, Objettives and a¢tivitie5 for the public benefit
The Charity's primary purpose, as per it5 Scheme, is to provide, maintain and manage accommodation for
people who are in need and to provide forthe general well-being of the resident5. The Trustees confirm that
they have considered the Charity Commission's general guidance on public benefit when planning the
activities of the Charity and believe that the CharitWs activities provide a clear public benefit.
Achievements during the year
The Charlty continues to provlde almshouse accommodation in Barnet comprising 22 flats, five of which can
accommodate couples with the other seventeen 5Ultable for single occupancy. The occupancy rate for the
vear was I¢X).0%12021'. 99.0%) although one flat did fall empty shortly after the end of the financial year.
The rnajor ryclical works on the Chapel Block which were originally planned for the summer of 2021 had
been rescheduled for 2022 but were again delayed. However, it was a busy year for property maintenance
as significant time had to be spent on more minor but time consuming works. A new Condition Survey was
obtained which revealed several unexpected works being required. The delayed tyclical works are being
scheduled for future years.
The residents at Leathersellers Close appear to be happy and are highly supportive of each other with the
Scheme Manager playing a crucial role in providing them with help and support over a range of matters
affecting their daily lives.
Flnanclal Revlew
Total income for 2022 was £233,141 compared to the previous year when income from the same sources
totalled £221,764. As all flats remained occupied during the year no income was lost to voids.
Investment income for 2022 was £38,347 showing an increase of £2,032 over the income for 2021 desplte
the fact that part of the investment portfolio was realised as cash during the year as a first step towards
investing in new funds with an objective of diversifyingthe investment portfolio to spread risk and to improve
returns.
General Fund expenditure on charitable activities was £188,43712021: £186,5061. Most expenditure wa5 in
line with budget except for repairs and maintenance which was underspent by £5,434 (excluding cyclical
repairs). The principal reason behind the net underspend arose from a saving on void repairs budgeted at
£10,000, as all flats remained occupied throughout the financial year.
An analysis of repairs is shown in note 4 on page 12. The surplus for the year on General Funds before
transfers was £44,70412021- £35,258). The Trustees approved a transfer of £75,00012021.. £15,￿0) to the
Extraordinary Repairs Fund leaving a deficit of £30,296 before investments losses of £5,304 12021.. gain
£12.9141. The net movement in General Funds for the year was a deficit of £35,59912021 surplus £33,172).
The General Fund stood at £191,61312021'. £227,212) at the year end.
The Extraordinary Repair Fund is held for future major repalrs to the fabric of the buildings and expendlture
in year from this fund was £2,107 12021.. £7,0041 the modest level of expenditure was the result of planned
works once again suffering delays. The value of the fund at the end of the year was £258,419 12021:
£190,910) after including the transfer of £75,000 from General Funds.
The Leathersellers, Barnet Charity 3

Report of the Trustees
For the year ended 31 December 2022
The value of the Permanent Endowment Fund started the year at £561,838 but fell by £27,230 as it incurred
unrealised losses on its underlying investments to end the year at £534,608. Income from the fund is used
for the well-being of the ￿SIdentS and the capital of the Permanent Endowment must be held indefinitely
by the Charity.
As reported under investments the Trustees sold part of the investment portfolio during the year as part of
a planned rebalancing of the investments.
Reser•es Policy of the Charity
It is the policy of the Trustees to retain sufficient general reserves to allow lil the unhindered immediate
operations of the Charity in respect of its principal objects, lill the enhancement of common facilities and
Iliil the refurbishment of the kitchens and bathrooms in the flats as vacancies permit.
The Trustees have examined the requirement for free resetves i.e. those unrestricted fijnds not invested in
tangible fixed assets, designated for specific purposes or otherwise cornmitted. The Trustees consider that,
given the natu￿ of the Charity's work, the level of free reseryes should be equivalent to at least three
months, expenditure on charitable object5 at any one time. The Trustees are of the opinion that this provides
sufficient flexibility to cover temporary shortfalls in incoming resources due to timing diflerences in income
flows, adequate working capital to cover core costs, and will allow the Charity to cope and respond to
unforeseen emergencies whilst specific action plans are implemented. The actual level of free reseryes is
£86,88012021: £115,297) which is in excess of the required rese￿e$ policy level.
Long term reserves to fund major repairs and refurbishment to the premises occupied by the Charity are
held in the Extraordinary Repair Fund. This is shown as the Designated Fund on the Balance Sheet.
Investment Policy
There are no restrictions on the Charity's powers to invest. The Trustees have set an investment strategy
consistent wlth specific requlrements across the Funds held.
During the year the Charity sold part of its holding comprised by M&G Charifund Units raising cash of
£163,417. The cash was held on short term deposit at the year end pending its reinvestment into CCLA funds
previously identified by the Tnjstees as a suitable alternative investment to diversify risk and potentially
increase income.
Quoted Investments totalled £584,19012021: £780,361) at year end market value, allocated a5 £397,847 in
Permanent Endowment Funds and £186,343 in Designated Funds. All funds are invested in M&G Charifund
Income units and M&G Charifund Accumulation units.
Statement of Trustee's resptsnslbilities
Charity Law requires the Trustees to prepare accounts for each financial year which give a true and fair view
of the state of affairs of the Charity and of the income and expenditure of the Charity for that period. In
preparing accounts which 8ive a true and fair view, the Trustees are required to..
select suitable accounting policies and then apply them consistently:
make judgments and estimates ihal are reasonable and prudent-
The Leathersellers, Barnet Charity 4

Report of the Trustees
For the year ended 31 December 2022
State whether applicable accounting standards and statements of recommended practice have been
followed, subject to any departures disclosed and explained in the accounts-
prepare the accounts on the going concern basis unless it Is Inappropriate to presume that the Charity
will continue operation.
The Trustees are re5pon5iblefor keeping proper accounting records which disclose with reasonable accuracy,
at any time, the financial position of the Charity and which enable them to ensure that the accounts comply
with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charf(y and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees have reviewed and updated their 10 year forecasts and remain satisfied that the forecasts
demonstrate the Charitls ability to continue normal operations for the foreseeable future. The Charity
entered its 2023 financial year holding almost £326,000 in cash at the bank. Of the total cash at bank
£164,0(XJ was earmarked for re-investment into the CharIt￿S investment portfolio being the sum derived
from the sale of investments during the year.
The Trustees have every reason to be confident that the Charity should continue to operate as a going
concern for the foreseeable future.
Signed on behalf of the Trustees..
Trustee
Approved by the Trustees on..
2& A4( Ja
The Leatherseller5' Barnet Charity 5

Independent examinerfs report
Independent Examiner's Report to the Trustees of The Leathersellers, Barnet Charity
I report to the charity trustees on my examlnation of the accounts of the charity for the year ended
31 De￿rnber 2022 which are Set out on pages 7 to 19.
Responslbllltles and basls of report
As the charitls trustees you are responsible for the preparation of the accounts in accordance with
the requi￿ ments of the Charities Art 20111'the Act'l.
I report in respect of my examination of the charltvs accounts carried out under section 145 of the
Act and in carrying out my examination I have followed all the applicable Direction5 given by the
Charity Commlssion under section 14515llbl of the Act.
Independent examiner's statement
I have completed my examination. I confim) that no material matters have corne to my attention in
connection with the examination giving me cause to believe that in any material respect-
accounting records were not kept in respect of the charity as required by section 130 of the
Act: or
the accounts do not accord with those records. or
the accounts do not comply with the applicable requirements conceming the form and
content of account5 Set out in the Charitie5 IAccounts and Reports) Regulations 2008 other
than any requirement that the accounts give a 'true and fair Vie￿ which is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
£AL
Svdhir Singh FCA
MHA MACINTYRE HUDSON
2 London Wall Place
London
EC2Y SAU
Date.. 12 May 2023
The Leathersellers, Barnet Charity 6

Statement of Financial Activities
for the year to 31 December 2022
2022
2021
Unrestricted
Designated
Endowment
Total
Total
funds
funds
funds
funds
funds
Note
Income and Endowments
Investment Income
Residents contributions
38,347
194,794
38,347
194,794
36.315
185,449
Total Income
233.141
233.141
221.764
Expenditure
Expenditu￿ on charitable
artivities
188,437
2,107
190.543
193.510
Total Expendlture
188.437
2.107
190.543
193,510
Nèt incorne before tran51er5
44.704
12.1071
42.598
28.254
Transfer between funds
15
175.0001
75,CM)O
Net income before ILossII Galn
on Investments
130,2%)
72,893
42.598
28.254
Net ILossllGain on investment
35sets
15,3041
15.3841
127.2301
137,9181
92.281
153041
{5.3841
127.2301
137.9181
92.281
Net Movement In Funds
135.5991
67.509
127.2301
4,679
120,535
Fund Balances
at the start of the year
227,212
190,910
561,838
979,960
859,425
Fund Balznos
at the end of the year
191.613
258A19
534.608
984,639
979,960
The notes on page5 9 to 19 form part of these financial statements.
The Leathersellers, Barnet Charity 7

Balance Sheet
as at 31 December 2022
2022
2021
Unrestricted
Funds
Designated
Funds
Endowment
Funds
Totsl
Funds
Total
Fund5
Note
Flxed assets
Tangible fixed
assets
Investment
portfolio at malket
value
lQ4.733
104,733
111,915
186,343
397,847
584.190
780.361
104,733
186.343
397,847
688,923
892,276
Current assets
Debtors
io
li
7,067
83,168
7,067
292,005
5.972
82,000
Investments
Cash at bank and
in hand
72,076
136,761
29,889
29,889
16,912
120,125
72,076
136,761
328,962
104,884
Credltors: amounts
falling due within
one year
12
33,246
33,246
17,2
Net current assèts
86,879
72.076
136.761
295,716
87,684
Total assets less
current liabilities
191.612
258.419
534,608
984.639
979,960
Represented bv:
Funds and reserves
15
Permanent
endowment funds
Desi8nated funds-
extraordinary
repairs
Unrestricted
Igenerall funds
534,608
534,608
561.838
258,419
258.419
190,910
191,612
191.612
227,212
191,612
258,419
534,608
984,639
979.960
Approved by the Trus
ee5 on
2023
Trnstee
In 2021 designated and endowment funds were allocated to fixed asset investments. with the balante allocated to
un￿strIrted funds, fuller details are shown under note 16.
The note5 on page5 9 to 19 forln part of these financial Statements.
The Leathersellers, Bamet Charity 8

Notes to the accounts
for the year ended 31 December 2022
l Accounting Poli¢ies
The Leathersellers, Barnet Charity is a Charity registered in England & Wales, number 247986, and is
governed by a Scheme approved by the Charity commission dated 25 June 2007.
Basis of Attounting
The accounts of the Charity have been prepared on 3 going concern basis under the historical cost
convention, with the exception that investments are included at market value. The accounts have been
prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
IFRS1021 and applicable UK Accounting5tandards and the Charitie5 Act 2011 and UK Generally Accepted
Practice as it applies from l January 2015.
The financial 5tatement5 have been prepared to give a 'true and fairf view and have departed from the
Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and
fair view,. This departure has involved following the Accounting and Reporting by Charitie5: Statement
of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applitable in the UK and Republic of Ireland IFRS 1021 issued on 16 July
2014 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice
effective from l April 2005 which has sino been withdrawn.
The Charity meets the definition of a public entity under FRS 102.
The financial statements are presented in sterling which is the functional currency of the Charity and
rounded to the nearest pound.
The financial statements have been prepared on a going concern basis as the Trustees believe that no
material uncertainties exist. The Trustees have considered the level of funds held and the experted
level of income and expenditure for 12 months from authorising these financial statements. The
budgeted incorne and expenditure is sufficient with the level of reserves for the Charity to be able to
continue as a going concern.
Income and Endowrnents
All incoming resources are included in the Statement of Financial Activities15oFAI when the Charity is
legally entitled to the income. Residents, contributions Iwhich include SeNice charge incomel are
accounted for in the period to which they relate.
Expenditure and the Basis of Apportioning Costs
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. Expenditure is recognised once there is a legal or
constructive obligation to make payments to third partie5, It 15 probable that the settlement will be
required and the amount of the obligation can be measured reliably.
Charitable ex
enditure
Cost5 forthefullyear include the costs of refurbishment, maintenance and management of the property
and costs relating to the general welfare of the resident5. All expenditure 15 charged in the financial
year to which it relates.
The Leather5ellers' Barnet Charity 9

Notes to the accounts
for the year ended 31 December 2022
Support costs
Support costs are those that asslst the work of the Charity but do not directty represent charitable
activities and include office costs, governance costs and administrative costs. They are incurred directly
in support of expenditure on the objects of the Charity.
Tangible fixed assets
A review for impairment of a flxed asset is carried out if events or changes in circumstances indicate
that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value
of fixed a55ets and their recoverable amounts are recognised as impairments. Impairment losses are
recognised in the Statement of Financial Activities.
The surplus or deficit on disposal of fixed assets Is accounted for in the income and expenditure account
of the period in which the disposal occurs as the difference between the net sale proceeds and the net
carrying value.
Depreclation
All a55ets over £5,000 are capitalised. Depreciation is provided on all tangible fixed assets, at rates
calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over
its expected useful life. No depreciation is provided on freehold land.
Asset Lives
Years
Kitchen
15
Bathroom
15
Electrics
40
Securlty equlpmetrt
Car park improvements
so
Investments
Fixed asset Investments are a form of basic financial instruments and are initially recognise(l at their
transaction value and subsequently measured at fair value uslng the closing quoted market price or the
share of the Net Asset Value of the fund Irf unli5tedl. All gains and losses are taken to the Statement of
Financial Activities as they arise. The Statement of Financial Activities includes the net gains and losses
arising on revaluations and disposa15 throughout the year. As investments are revalued to fair value
contlnUOUsly, no ￿alised gains or losses arlse.
Debtors and Creditors
Debtors are recognised when the Charity Is legally entitled to the income after any performance
conditions have been met, the amount tan be measured reliably and it is probable that the income will
be received.
Creditors are recognised when the Charity has a present legal or constructive obligation resulting from
a past event and the settlement is expected to result in an outflow of economic beneflts.
The Leathersellers, Barnet Charity 10

Notes to the accounts
for the year ended 31 December 2022
Fund Accounting
Restrictedfunds
Restricted funds comprise monies raised for, or their use restricted to a specific purpose Isee note 161.
Deslgnated funds
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund Is set out In the notes to the financial statements.
Endowment Funds
The majority of these are funds permanently endowed for the particular charitable objectives set out in
the Trustees, Report where the capital may not be spent.
General Fund
The general fund comprises unrestricted accumulated surpluses and deficits on continuing activities. It
is available for use at the discretion of the Trustees in furtherance of the Charity's objectives.
Flnan¢ial Instruments
The Charity only holds basic financial instruments. The financial assets and financial liabilities of the
Charity are as follows-
Debtors- trade and other debtors lincluding accrued incomel are basic financial instruments and are
debt instruments measured at amortised cost as detailed in Note 11. Prepayments are not financial
instruments.
Cash at bank- is classified a5 a basic financial instrument and is rneasu￿d at fa￿ value.
Liabilities- Trade creditors, accruals and other creditors will be classified as financial instruments and
are measured at amortised cost as detailed in Note 11. Deferred income is not deemed to be a financial
liability a5 the cash settlement has already taken place and there is simply an obligation to deliver
charitable servlces rather than cash or another financial instrument.
2 Investment Income
2022
2021
InvÈstmènt Income
Dividends from Endowment Funds
Dividends frorn General Funds
Bank Deposit Interest
32W9
5,164
294
31.920
4.385
io
38.347
36,315
The Leathersellers, Barnet Charity 11

Notes to the accounts
for the year ended 31 December 2022
3 Expenditure on Charitable activities
2022
2021
Direct ExpendSture
Repairs & maintenance Inote 41
Cle3ning
Upkeep of Gardens
Lightiftg and Heating
Water rates and Council tax
S6.458
3.205
29,878
17.831
3,316
3,992
223
59,245
2,986
22,965
20,922
2,973
3,698
3.207
1.121
2.349
3.712
8.334
54,994
186,506
Insurance
Telephone
Gifts to residents
Residents Welfare
CarelSne Emergency Service
Depreciation
Support costs (note 51
1,121
4,863
3,453
8A36
55.660
188,436
Cyclical repairs IOe5ignated Funds)
2,107
Total Expendlture- all funds
190.543
193.510
4 Repalrs
2022
2021
Flat refurbishments and attess
Surveyors fees
Boiler & Heating overhaul & repair
Water hygiene work5
Fire alarm, extinguishers & doors
Electrical testing and repairs
Day to day repairs
Pest Control
10,922
960
16,372
4,591
1021
10.503
22.915
1.056
56.458
11,359
1.005
460
11,996
20,959
1,584
59,245
5 Support Costs
2022
2021
Management Fee
Independent Examlner's Fee
Other expenditure
51222
3A32
1.006
55.660
49,511
3,420
2,063
54,994
The Leathersellers, Barnet Charity 12

Notes to the accounts
for the year ended 31 December 2022
6 Trustees, and Key Management Personnel Remuneration and Expenses
The Trustee5, who comprise all the Key Management Personnel of the Charity, neither receNed nor
waived any ￿muneratIon during the year 202212021.. £nill. The Trustees did not have any expenses
reimbursed during the year12021.' £nill. Harrison Housing were employed by the Trustees to act as the
Managing Agent for the chartty and are responslble for day-to-day administration.
7 Employee5
There were no employees In 202212021- Nill.
8 Tangible Fixed Assets
Freehold Land and Buildin
The charity owns freehold land and buildings, being its almshouse properties in Barnet.
The land and buildings were originally held in trust in perpetuity by the Leathersellers. Company for use
of the poor under a Declaration of Trust dated 22 April 1846. The Declaration was incorporated into
the Charity Commission's scheme of 1984. The Declaration of Trust was for land purchased by the
Leathersellers, Company in 1603 for £100 and for buildings erected thereon in 1838 at a cost of £3,274.
Part of the property was re-built in the 1960$. The trustee5 have assurned that the buildings have been
fully depreciated and consequently neitherthe land nor the buildings has been included in the accounts
on the grounds of materiality. The custodianship of the property was transferred to the charity in 2007.
Bulldln8 Improvements
Cost
At l January 2022
Additions during the year
At 310ecember 2022
129.623
1,253
130,876
Depreciation
At l January 2022
Charge for the year
At 310ecernber 2022
17.708
8,435
26,143
Net book valuè
At 31 December 2022
104.733
At 31 December 2021
111,915
The Leathersellers, Barnet Charity 13

Notes to the accounts
for the year ended 31 December 2022
9 Investments
Units
C05t
2022
2021
Endowmènts
M&G Charifund Incorne Units
GrasvenorTru5t
The ieather5ellers' Barnei Charities
Iformedy Coverley and Buncel
The Leathersellers, 8arnet Charities
Iformerly Buncel
The Leathersellers, Benevolent Fund
The Leather5ellers' Benevolent Fund
The Ann Elliott and Others Trust
34.59
579
508
718
762.14
12,757
11.200
15,816
133.19
2.229
1.957
2,764
2,620.27
1,457.05
22.066.00
27.073.24
43,860
15.633
353.658
428,717
38.506
21A12
324.264
397A47
54.376
30,237
457,927
561,838
Sl8nifies value at
transfer
General and De51gnated Funds
M&G Charifund Accumulation Units
The Leather5Ellers' Barnet Charity
376.09
44.832
44,832
108.865
108,865
109,084
109,084
376.09
M&G Charifund Income Units
The Leathersellers, Bafnet Charity
5.272.36
5,272.36
86,765
86,765
77,478
77.478
109.439
109.439
Total at end of year
560.314
584.190
780,361
Movement on Investments
Valuation at the start of the year
Additional investments (Accumulation fund)
780,361
5,164
785,525
1163,4171
683.694
4.385
688,079
Sale of investments
Realised and Unreali5ed
ILossesllGains on investments
Valuation at the end of the year
(37,9181
584,190
92.282
780,361
The rese￿eS policy and allocation of investment funds is explained on page 4 of the Trustees. Report.
Further details are provided in note 15 to the accounts on pages 16 and 17.
The Leathersellers, Barnet Charity 14

Notes to the accounts
for the year ended 310ecember 2022
10 Debtors
2022
2021
Trade debtors
Prepayments
Other debtors
3,689
3,093
285
3,086
2,886
7,067
5.972
11 Current Asset Investments
2022
2021
Short Term Bank Deposits
291.￿)5
82,￿0
292005
82.orKJ
12 Creditors: amounts falllng due wlthin one year
2022
2021
Trade creditors
Resident aetounts in credit
Aecruals
23,712
527
9,007
10.676
505
6,019
33.246
17,200
13 Contingent Liabilities
There are no known contingent liabilities as at 31 December 202212021- £nill.
14 Related PartyTransaction$
The Trustees of the Charity are all appolnted, ex officio or as nominative Trustees by the Leathersellers,
Company.
There were no transactions directly WTth the Leathersellers, Company during either year and there were
no balances outstanding at either year end with the Leathersellers, Company.
There have been no related party transactions in either reporting period.
The Leathersellers, Barnet Charity 15

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Notes to the accounts
for the year ended 31 December 2022
15 Funds Reconciliation Icontinuedl
2021 Allocation of designated and endowment fund5
2021
Unrestricted
Funds
Designated
Funds
Endowment
Funds
Total
Funds
Note
Flxed assets
Tangible fixed assets
Investment portfolio at
market value
111.915
111.915
io
27,613
190.910
561,838
780,361
139.528
190.910
561.838
892.276
Current assèts
Debtors
Cash at bank and in
hand
li
5,972
5,972
98.912
98.912
104,884
104,884
Credittsrs.. amounts
fallin8 due wlthln one
year
Net current assets
12
I7,2￿7
17,200
87,684
87,684
Total assels less current
227,212
190,910
561,838
979,960
Represented by:
Funds and reserves
15
Permanent
endowrnent funds
561.838
561.838
Designated funds-
extraordinary repairs
Unrestricted Igenerall
funds
190,910
190.910
227,212
227,212
227,212
190.910
561.838
979.960
The Leathersellers, Barnet Charity 18

Notes to the accounts
for the year ended 31 December 2022
15 Funds Reconclllation l¢ontlnuedl
Extraordinary Repair Fund
The Trustees malntain an Extraordinary Repalr Fund as required under the Trust Deed for the
extraordinary repair, cyclical repairs, improvement or rebuilding of the home5 and the other property
of the Charity. The Trustees keep the si2e of the fund under review in the light of the demands which
may be made upon the fund. During the year ended 31 December 2022 £75,00012021.. £15,000) was
transferred into this fund in line with futureforecast expenditure to 2030. Repairs costing £2,107 carried
out during the year were chargeable to the Extraordinary Repair Fund as the major projects were
postponed.
Unreali5ed investment losses relating to this fund were £5.38412021- unreali5ed gain £13,071). The
value of the fund at 31 December 2022 was £258,41912021- £190,910).
Endowment Funds
Income from the following pemianent endowments are able to be used by the Charity in pursuance of
its Eeneral charitable objectives. Unrealised gains or losses on the value of the endowments are retained
in the relevant fund.
In July 1984 the Charity Commission approved the transfer to the Leathersellers, Barnet Charitie5
of one sixth of the permanent endowment and accumulated income of the C J Coverley Trust
amounting to £1,397.
In April 1990 the Commission approved the transfer of £4,713 from the capital and accumulated
income of the Charity of James Bunce. Under the same Scheme £1,211 of the capital and
actumulated income of the Charity for the benefit of the churchwardens of Otterden was
transferred and the related income Is now paid to the Leathersellers Barnet Charities.
In May 2004 a transfer of investment5 representing the Endowment5 and accumulated General
Funds of the Leathersellers, Company Benevolent Fund Icharity Registration Number 2479871 at
value5 of £63,016 and £26,789 respectively were made to the Leathersellers, Barnet Charities
under the Charity Cornmission agreement of 25 March 2¢))4.
iv.
In December2LK)6 a transfer of investments representing 35% of the entlowments of the Ann Elliott
and Others Trust (Charity Registration Number 2558841 at a value of £471,619 was made under
Charity Commission Stheme dated 6 November 2006.
Linked Charities
The Leathersellers, Barnet Chariry has the following linked charities.-
Anne Elliot
Barnet Almshouses
Eli2abeth Grasvenor (Otherwise Gravener)
James Bunce for Almspeople
John Sudbury
Nissen Trust
The Leathersellers, Barnet Charity 19